Bollinger Bands %B Compare Vix
This imple script converts your chosen chart price and outputs it as a percentage in relation to the Vix percentage.
If price (Blue line) is higher than 0.60 and vix (Red Line) is lower than 0. 40 then there is lower volatility and this is good for buying.
If price (Blue line) is lower than 0. 40 and vix (Red Line) is higher than 0.60 then there is higher volatility and this is good for selling, exiting and cash only.
If you like risk you can enter as soon as the price and vix cross in either direction
This is my first script, please give me a lot of critique, I won't cry hahaha :)
For greater accuracy, you use these Vix products for their specific stocks/Indicies:
Apple - VXAPL
Google - VXGOG
Amazon - VXAZN
IBM - VXIBM
Goldman Sachs - VXGS
NASDAQ 100 =
VXN
SP100 -
VXO
SP500 (3months) -
VIX3M
XLE(energy sector) -
VXXLE
EWZ(brazil etf) - VXEWZ
EEM( emerging markets etf) - VXEEM
EFA (MSCI ETF) - VXEFA
FXI (Cina ETF) - VXFXI
If price (Blue line) is higher than 0.60 and vix (Red Line) is lower than 0. 40 then there is lower volatility and this is good for buying.
If price (Blue line) is lower than 0. 40 and vix (Red Line) is higher than 0.60 then there is higher volatility and this is good for selling, exiting and cash only.
If you like risk you can enter as soon as the price and vix cross in either direction
This is my first script, please give me a lot of critique, I won't cry hahaha :)
For greater accuracy, you use these Vix products for their specific stocks/Indicies:
Apple - VXAPL
Google - VXGOG
Amazon - VXAZN
IBM - VXIBM
Goldman Sachs - VXGS
NASDAQ 100 =
VXN
SP100 -
VXO
SP500 (3months) -
VIX3M
XLE(energy sector) -
VXXLE
EWZ(brazil etf) - VXEWZ
EEM( emerging markets etf) - VXEEM
EFA (MSCI ETF) - VXEFA
FXI (Cina ETF) - VXFXI